Electronic Arts Earnings More Than Double

Updated July 23, 2003 7:50 p.m. ET

Electronic Arts Inc., bolstered by three new products, said first-quarter profit more than doubled and announced a new programming agreement with AOL Time Warner Inc.'s America Online unit. The Redwood City, Calif., maker of game software reported net income for the fiscal period ended June 30 of $18 million, or 12 cents a share. In the year-earlier period, the company reported net of $7.4 million, or five cents. Analysts' earnings consensus for the latest period was two cents per share, according to Thomson First Call. Revenue rose 6.5% to $353.4 million from $331.9 million, but was basically flat with the...